There has been a trend in recent years that people's idle money has continued flowing into banks as a channel for accumulating and preserving assets. —VNA/VNS Photo

HÀ NỘI — Deposits from individuals in the banking system have hit all time high, reflecting the trend of accumulating and preserving people's assets.

According to newly released data from the State Bank of Vietnam, as of the end of March 2026, deposits from individuals in the banking system reached more than VNĐ10.56 quadrillion (US$400 billion), an increase of 2.19 per cent compared to the end of 2025.

In the first quarter of 2026 alone, individuals deposited approximately VNĐ200 trillion into the banking system. 

Meanwhile, deposits from businesses and economic organisations reached over VNĐ6 quadrillion by the end of March, 2.69 per cent lower than the end of 2025. The decline mainly reflected the demand for capital to serve production, business and investment activities of the business sector in the first months of the year.

There has been a trend in recent years that people's idle money has continued flowing into banks as a channel for accumulating and preserving assets.

Savings interest rates began to heat up from the end of last year. At the first months of this year, banks continuously increased interest rates to attract deposits.

According to statistics in March, 20 banks adjusted their interest rates upwards. Some banks even increased deposit interest rates four times in a single month. Interest rates of 7 per cent per year for a 12-month term were not uncommon in the market, with some banks even offering interest rates as high as 9 per cent per year.

Interest rates only began to be adjusted downwards by banks at the beginning of April, following the directive from the Governor of the State Bank of Vietnam, Phạm Đức Ấn, to reduce interest rates to support people and businesses.

According to experts, although deposit interest rates currently decrease compared to the first quarter, they still maintain a certain attractiveness because other investment channels such as real estate and stocks still face significant fluctuations. — BIZHUB/VNS